1 Replies
mohit gupta
(Student CA Final )
(22 Points)
Replied 11 January 2018
Ifsc is international financial services centre. it is lyk a sez which caters to various international stock markets opened within that can operate round the clock for sale and purchase of securities by non residents as well as residents and fii and both foreign cos and indian compainies can get listed on these exchanges within ifsc. it has been introduced to encourage foreign indirect invt in india nd has been given alot of tax benifit relating to capital gain and companies act. Gift in Gujrat is india's first IFSc. Hope it helps!
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